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Property profile & analytics
OFF-MARKET
Estimated value
$31,440,000
Warehouses
4388 Shackleford Rd Norcross, GA 30093-2912
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-4754440
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1982
Total area
85,482 SF
Lot
5.46 ac (237,838 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6201 103
UPID
US22-4754440
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atlantix Global Systems - A Division of CXtec Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$31.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.44M
Owner & transaction history
Atlas Atlanta 2 Shackleford LLC · 2 yrs held
Atlas Atlanta 2 Shackleford LLC
since 2024
Last sale
$31.4M
7 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$44.5M
+134.9%
Auto repair, garage
$38.2M
+101.8%
Medical building
$27.4M
+44.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$31,440,000
ML approach
$31,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,930,000
Current use
RESTAURANT
$44,470,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$38,200,000
Change: +102% · Conversion: Easy
MEDICAL BUILDING
$27,385,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$23,090,000
Change: +22% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$22,525,000
Change: +19% · Conversion: Moderate
OFFICE BUILDING
$20,860,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,695,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$31.44M
Range $28.30M – $34.58M · ±10% · vs last sale $31.44M (Jun 20 2024)
Last sale anchor
$31.44M
Jun 20 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$368 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$100,885
Tax year 2024
Assessed value
$2,735,440
Assessed 2024
Previous assessed
$3,037,200
-9.9% YoY
Effective rate
3.69%
On assessed value
Assessed land
$436,800
Assessed improvement
$2,298,640
Land market value
$1,092,000
Improvement market value
$5,746,600
Total market value
$6,838,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1982
Heating
NONE
Cooling
NONE
Stories
1
Total area
85,482 SF
Lot
5.46 ac (237,838 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R6201 103
UPID
US22-4754440
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$18.9M
RESTAURANT
Est. value
$44.5M
AUTO REPAIR, GARAGE
Est. value
$38.2M
MEDICAL BUILDING
Est. value
$27.4M
RETAIL STORES
Est. value
$23.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.5M
OFFICE BUILDING
Est. value
$20.9M
COMMERCIAL (GENERAL)
Est. value
$19.7M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.46 ac
Current owner
From public records · entity-resolved
Atlas Atlanta 2 Shackleford LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4388 SHACKLEFORD RD STE #3300, NORCROSS, GA 30093-2912
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
$31,440,396
Atlas Atlanta 2 Shackleford LLC
Yaman Shukairy
Warranty Deed
—
Jun 20, 2024
—
Atlas Atlanta 2 Shackleford LLC
Yaman Shukairy
Quit Claim Deed
related
—
Jun 16, 2021
—
Dogwood Propco II LP
—
Deed
related
$500,000,000 · Bank Of America
Nov 8, 2019
$71,250,000
Dogwood Propco II LP
Gwinnett Park Spe LLC
Grant Deed
$25,000 · Wells Fargo Bk
Sep 30, 2013
—
Gwinnett Park Spe LLC
Svn Gwinnett Park LLC
Quit Claim Deed
related
$31,000,000 · Cibc INC
Jul 31, 2007
$4,458,900
Svn Gwinnett Park LLC
Windsor Of Gwinnett Park 4388 LLC
Grant Deed
—
Sep 30, 2004
$3,775,000
Owner Name Unavailable
Weeks Realty
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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